Obyte: Totally new consensus algorithm + private untraceable payments - page 983.

drays

legendary

Activity: 2576

Merit: 1073

Quote from: olloman on December 30, 2016, 09:30:54 AM

Quote from: Rumhurius on December 30, 2016, 09:08:36 AM

70k btc linked ?
lol

You have been played.
How can someone think that giving free coins to Exchanges, Whales and Ico Wallets is a good idea in the first Place ?

This insane Number of linked BTC without any documentation to check the linked BTC Balances even makes me think, this happened only on Paper to get a nice chunk of your own Coins.

Unfair, intransparent, no income for further development.
There is so much wrong with this method of destribution.

https://www.youtube.com/watch?v=i8a3gjt_Ar0

smh

In fact there was documentation to check linked BTC balances, actually there was even a website specifically for that (http://transition.byteball.org/). That's why the community was immediately able to spot Waves and Lisk's linked BTC addresses.

+1
Everything was done in a very transparent way. Absolutely no reason for such accusations.
There are so many haters who do not even care to check simple things... I actually suspect the guy has probably missed distribution and/or fudding the price down to buy more now Grin

olloman

sr. member

Activity: 433

Merit: 250

Crypto Angel

Quote from: Rumhurius on December 30, 2016, 09:08:36 AM

70k btc linked ?
lol

You have been played.
How can someone think that giving free coins to Exchanges, Whales and Ico Wallets is a good idea in the first Place ?

This insane Number of linked BTC without any documentation to check the linked BTC Balances even makes me think, this happened only on Paper to get a nice chunk of your own Coins.

Unfair, intransparent, no income for further development.
There is so much wrong with this method of destribution.

https://www.youtube.com/watch?v=i8a3gjt_Ar0

smh

In fact there was documentation to check linked BTC balances, actually there was even a website specifically for that (http://transition.byteball.org/). That's why the community was immediately able to spot Waves and Lisk's linked BTC addresses.

CloudStrife

sr. member

Activity: 256

Merit: 250

Quote from: Rumhurius on December 30, 2016, 09:08:36 AM

70k btc linked ?
lol

You have been played.
How can someone think that giving free coins to Exchanges, Whales and Ico Wallets is a good idea in the first Place ?

This insane Number of linked BTC without any documentation to check the linked BTC Balances even makes me think, this happened only on Paper to get a nice chunk of your own Coins.

Unfair, intransparent, no income for further development.
There is so much wrong with this method of destribution.

smh

Everyone got it for free, I'm not sure how unfair it is.
Yeah, there are some addresses holding large amounts, but this will eventually be distributed, and the first round corresponds to only 10% of the total supply.

CryptKeeper

legendary

Activity: 2044

Merit: 1055

There is a slack channel #trading, please go there if you want to buy, sell, exchange Bytes and Blackbytes or want to speculate about the price! Grin

Please keep this in mind for your own safety:

Quote

Little guide for Byteball trading

This slack channel is for discussing Byteball trading and for organizing such trades. Please be aware that at the moment, the only way to trade safely is through a reputable escrow middleman! Even if you think you know the guy who you want to trade with, you should better trade through an escrow! We've already seen lots of scammers who try to impersonate well-known community members. So proceed with due diligence and always make sure that you are dealing with the right person, especially your escrow middleman. Only use registered escrow services and compare the usernames and bitcoin addresses carefully before you send someone your precious coins!

Registered escrow services:

@yassinnxt
Registered escrow bitcoin address: 153tSmxbKfby652LUyYdYEZhoxY9RzHYrz
Fee: 1% in BTC (from Byteball buyer)
(approx. 2700 BTC escrowed so far)

@seccour
Registered escrow bitcoin address: 1Hx3kxKbYyNgGyqzLB5Qw8BA8dZbuu1Xjn
Fee: none (tips accepted)
(over 500 BTC escrowed so far)

@martis
Registered escrow bitcoin address: 1pMPHbinYokoXEDav5J3tkto14rxBSwx9
Fee: 1% in BTC (split 50/50 between buyer and seller)

Get your slack invite here: http://slack.byteball.org/

Rumhurius

legendary

Activity: 1672

Merit: 1046

Here we go again

70k btc linked ?
lol

You have been played.
How can someone think that giving free coins to Exchanges, Whales and Ico Wallets is a good idea in the first Place ?

This insane Number of linked BTC without any documentation to check the linked BTC Balances even makes me think, this happened only on Paper to get a nice chunk of your own Coins.

Unfair, intransparent, no income for further development.
There is so much wrong with this method of destribution.

https://www.youtube.com/watch?v=i8a3gjt_Ar0

smh

jeremy grol

hero member

Activity: 882

Merit: 500

True, this distribution model prove that failed miserably.
Wondering why tony allow those ico to link btc.
There are some members here worked hard to promote byteball,spending their times, maybe with only a couple of btc available to link, and one guy with 4800 btc have done NOTHING except press a button "link", anoter button "send", and gained 35 btc.

o0o0

legendary

Activity: 1596

Merit: 1021

Quote from: jeremy grol on December 30, 2016, 08:06:43 AM

Quote from: olloman on December 30, 2016, 07:34:25 AM

Quote from: jeremy grol on December 30, 2016, 07:24:43 AM

Ahahahahaha.
tony scammed hard.

It means waves dev will dump all their byteball on an still small market to take btc,giving btc to wct holder instead of byteball and killing the coin.

They event won't wait months. After holydays...loool. they will dump for sure before next round begins, coause after next round price will collapse even more and their estimated 35 btc will turn into 5.
Good strategy!

You probably didn't actually grasp the meaning of the message. Sasha of Waves has already sold his Bytes (for a ridiculously low sum of btc, if I may add), so the Bytes are now in someone else's hands, and I don't think that someone who wanted to have such a big amount of Bytes did that just to dump them. We will see.

It's the same. waves dev dumped hard all byteballs to take btc. but at begginning he wrote that he only divide byteball to wtc holder, NOT btc.

i tend to agree. they'll line up for round 2,3,4. it'd be fine if it was an individual claiming but it doesnt help with a broad distribution like tony wanted. i hope he does closed distribution methods next time to spread it out. waves and other icos actually work against community doing this particularly a free dist. they really should be content with their raised funds and step back

CryptKeeper

legendary

Activity: 2044

Merit: 1055

For any support issues, please file a request in the #helpdesk channel on the Byteball slack!

Get your slack invite here: http://slack.byteball.org/

jeremy grol

hero member

Activity: 882

Merit: 500

Quote from: olloman on December 30, 2016, 07:34:25 AM

Quote from: jeremy grol on December 30, 2016, 07:24:43 AM

Ahahahahaha.
tony scammed hard.

It means waves dev will dump all their byteball on an still small market to take btc,giving btc to wct holder instead of byteball and killing the coin.

They event won't wait months. After holydays...loool. they will dump for sure before next round begins, coause after next round price will collapse even more and their estimated 35 btc will turn into 5.
Good strategy!

You probably didn't actually grasp the meaning of the message. Sasha of Waves has already sold his Bytes (for a ridiculously low sum of btc, if I may add), so the Bytes are now in someone else's hands, and I don't think that someone who wanted to have such a big amount of Bytes did that just to dump them. We will see.

It's the same. waves dev dumped hard all byteballs to take btc. but at begginning he wrote that he only divide byteball to wtc holder, NOT btc.

olloman

sr. member

Activity: 433

Merit: 250

Crypto Angel

Quote from: jeremy grol on December 30, 2016, 07:24:43 AM

Ahahahahaha.
tony scammed hard.

It means waves dev will dump all their byteball on an still small market to take btc,giving btc to wct holder instead of byteball and killing the coin.

They event won't wait months. After holydays...loool. they will dump for sure before next round begins, coause after next round price will collapse even more and their estimated 35 btc will turn into 5.
Good strategy!

You probably didn't actually grasp the meaning of the message. Sasha of Waves has already sold his Bytes (for a ridiculously low sum of btc, if I may add), so the Bytes are now in someone else's hands, and I don't think that someone who wanted to have such a big amount of Bytes did that just to dump them. We will see.

jeremy grol

hero member

Activity: 882

Merit: 500

Quote from: Krypt on December 30, 2016, 07:14:50 AM

The dreams:

Quote from: tonych on December 24, 2016, 10:48:05 AM

I contacted Sasha Ivanov, founder of Waves, about the linked address 1NGfrU4YNp8dox1gLeUDyjD5Vpfck9no5j that has 4800 BTC from Waves ICO. His response was that if the project is successful, he is going to distribute our coin as dividend to Waves holders.

and the reality:

Quote from: Sasha link=https://wavesplatform.slack.com/archives/general/p1482999414008654

We managed to make 35 BTC with byteballs, will be distributed as BTC token to WCT holders, it'll happen after the holidays

Ahahahahaha.
tony scammed hard.

It means waves dev will dump all their byteball on an still small market to take btc,giving btc to wct holder instead of byteball and killing the coin.

They event won't wait months. After holydays...loool. they will dump for sure before next round begins, coause after next round price will collapse even more and their estimated 35 btc will turn into 5.
Good strategy!

Krypt

legendary

Activity: 1540

Merit: 1096

The dreams:

Quote from: tonych on December 24, 2016, 10:48:05 AM

I contacted Sasha Ivanov, founder of Waves, about the linked address 1NGfrU4YNp8dox1gLeUDyjD5Vpfck9no5j that has 4800 BTC from Waves ICO. His response was that if the project is successful, he is going to distribute our coin as dividend to Waves holders.

and the reality:

Quote from: Sasha link=https://wavesplatform.slack.com/archives/general/p1482999414008654

We managed to make 35 BTC with byteballs, will be distributed as BTC token to WCT holders, it'll happen after the holidays

SISAR

hero member

Activity: 651

Merit: 518

Quote from: dfox101 on December 29, 2016, 07:12:48 PM

Quote from: greenclover on December 29, 2016, 06:18:49 PM

Looks like the 2nd distribution and up the bitcoin weight is pretty low. Need 16 BTC to get 1 GByte. First distribution is 0.7 BTC for 1 GByte? Huge differences.

Yes it is the early adopter advantages.

I am wondering why there's no larger exchanges? bittrex, poloniex? yobit? I guess they all want bitcoins in order to be listed.

They are checking and watching this coin daily, be sure of that. Poloniex might add it but they have very high standards including their own review of source code which will take some time given that Byteball is written from scratch, they will check it all to be asured there are no backdoors and such stuff. I'm expecting they will add Byteball sometime in Q1 2017.

crypt0hash

newbie

Activity: 57

Merit: 0

Quote from: windjc on December 29, 2016, 07:35:39 PM

Quote from: greenclover on December 29, 2016, 06:18:49 PM

Looks like the 2nd distribution and up the bitcoin weight is pretty low. Need 16 BTC to get 1 GByte. First distribution is 0.7 BTC for 1 GByte? Huge differences.

So does that mean that we don't know the total % of distribution in round #2?

the total % of distribution in round #2 depends on the sum from all BTC + BB participatin at this round

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: greenclover on December 29, 2016, 06:18:49 PM

Looks like the 2nd distribution and up the bitcoin weight is pretty low. Need 16 BTC to get 1 GByte. First distribution is 0.7 BTC for 1 GByte? Huge differences.

So does that mean that we don't know the total % of distribution in round #2?

francoise

member

Activity: 113

Merit: 10

will need to buy some byteballs before the 2nd distribution!

willowfoot

sr. member

Activity: 332

Merit: 252

Quote from: tonych on September 05, 2016, 11:00:28 AM

If you missed the 1st round of distribution, you can still participate in the further rounds. If you were in the 1st round, you can multiply your holdings. In the second round, which is expected in mid-February, you receive:
- 62.5 MB for every 1 BTC of proven balance
- 0.1 new bytes for every 1 byte (received in the 1st round)

.

So if you have 100BTC in the 2nd round you will receive ~6.25GB

Also, if we buy on the exchanges and increase our BB somewhat.
Does that count for the new exchange in the 2nd round of .1 new byte for every byte?
or does only the bytes received during the 1st distro count?

dfox101

hero member

Activity: 551

Merit: 500

Quote from: greenclover on December 29, 2016, 06:18:49 PM

Looks like the 2nd distribution and up the bitcoin weight is pretty low. Need 16 BTC to get 1 GByte. First distribution is 0.7 BTC for 1 GByte? Huge differences.

Yes it is the early adopter advantages.

I am wondering why there's no larger exchanges? bittrex, poloniex? yobit? I guess they all want bitcoins in order to be listed.

HI-TEC99

legendary

Activity: 2772

Merit: 2846

Quote from: tipto on December 29, 2016, 05:33:15 PM

Hi guys,

A question about the remaining distribution of 90%.

If I understood well until now only 10% of all Byteballs are distributed.
Additionally I have read that on the receiving address for every Byte received 0.1 Byte will be added.

How long exactly shall take the distribution of all Byteballs. There must be monthly distributions rounds for years if on every round only 1/10 of the initial distribution takes place.

How is taken into account the Byteball amount on one Byteball address for futur distribution rounds.

I think I have missed some key information.

Tks

This is the key information you missed from the OP.

Quote from: tonych on September 05, 2016, 11:00:28 AM

If you missed the 1st round of distribution, you can still participate in the further rounds. If you were in the 1st round, you can multiply your holdings. In the second round, which is expected in mid-February, you receive:
- 62.5 MB for every 1 BTC of proven balance
- 0.1 new bytes for every 1 byte (received in the 1st round)

.

The linking phase will end in mid February (exact date to be announced later), after which we'll do the distribution in proportion to BTC and bytes balances on the distribution date.

In the second round, we'll distribute as much as is linked and calculated by the above rules, the exact % is not known in advance.

The 3rd and subsequent rounds (yet to be announced) will follow similar rules, but the relative weight of bytes vs. BTC in the 3rd and further rounds will change and will gradually increase to 1 BTC=62.5 MB. It will be selected to maximize the value of bytes and keep the speed of distribution in sync with the growth of user base and the actual use of the network. The ratio 62.5 MB per 1 BTC is chosen so that the total money supply of bytes (1015) and the total number of BTC in circulation (16,000,000) are equivalent.

We'll have as many rounds as is necessary until all bytes are distributed, the rounds will be spaced 1 to 2 months.

tonych

legendary

Activity: 965

Merit: 1033

Quote from: paveel90 on December 29, 2016, 12:37:32 PM

Quote from: HI-TEC99 on December 29, 2016, 11:58:47 AM

The OP doesn't have a link to the exchange byteball is traded on yet. If there was a link to https://cryptox.pl/ near the top of the OP more people might buy it. Newbies will assume it's not on an exchange unless there's a link to one in the OP.

I have spoken with tonych about adding it, and he promised to add it. But it was few days ago, and I still can't see it Sad

I'm not keeping promises. Added now.

Topic: Obyte: Totally new consensus algorithm + private untraceable payments - page 983. (Read 1234271 times)